Lucinda Creighton (Dublin South East, Independent)
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50. To ask the Minister for Finance further to Parliamentary Question No. 91 on 13 February 2014, and the letter provided to this Deputy from his Department on 20 February 2014, if the National Assets Management Agency will detail the euro nominal amount of the balance of the €3.5 billion by category that is secured by property, assets other than land and development and unsecured; if he will categorise the other types of assets other than land and development that are included in the balance of the €3.5 billion; of the 322 borrowers, if he will detail the total euro nominal balance of their total NAMA exposure; if he will further detail the total number of connections these 322 borrowers have with NAMA; and if he will make a statement on the matter. [11057/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it estimates that €734m of the €3.5 billion loan nominal acquired by NAMA for nil consideration were secured by Property. Of the loans secured by property NAMA estimates that €425m was secured by land and development and €309m was secured by investment properties. The balance of the loans of €2.8 billion were unsecured or secured against assets other than property assets.  Assets other than property assets against which loans of €2.8 billion were granted where NAMA paid nil consideration included shares or other investments and equity releases where the security had no value at time of acquisition. NAMA acquired in excess of €55 billion of par debt connected to the 322 borrowers.